80% of millennials and Gen Z who used AI for financial advice say it helped—but not without risk: over half made a bad decision as a result

Woman on phone smiling (Credit: MoMo Productions-Getty Images)

No longer do younger Americans turn to mom or dad to help set up their 401(k), understand their paycheck, or get investment advice—that’s because AI has become their new financial friend. 

While AI has taken on roles ranging from break-up coach to health expert, tools like Open AI’s ChatGPT and Google’s Gemini are now guiding younger generations to tackle their financial woes, from credit card debt to picking their latest stocks and ETFs.